{"id":6306,"date":"2026-07-15T17:51:07","date_gmt":"2026-07-15T17:51:07","guid":{"rendered":"https:\/\/ceo.com.pl\/en\/?p=6306"},"modified":"2026-07-15T17:51:16","modified_gmt":"2026-07-15T17:51:16","slug":"polands-budget-after-h1-2026-revenue-lags-deficit-hits-pln-123-7bn-89951","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/polands-budget-after-h1-2026-revenue-lags-deficit-hits-pln-123-7bn-89951\/","title":{"rendered":"Poland\u2019s Budget After H1 2026: Revenue Lags, Deficit Hits PLN 123.7bn"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">After the first six months of the year, Poland\u2019s state budget had collected just under 43% of its planned annual revenue, while the deficit increased more slowly than a simple division of the annual plan into two equal halves might suggest. The most striking figure is the result for personal income tax, or PIT, which was negative by almost PLN 18.8 billion. This was not caused by a collapse in tax receipts, but by the accounting mechanism used for settlements with local governments. Here is what the preliminary Ministry of Finance data for the first half of 2026 reveal.<\/p>\n\n\n\n<div class=\"bp26-wrap\">\n<style>\n.bp26-wrap{--bp26-navy:#131F49;--bp26-amber:#e67a2d;--bp26-bg:#f7f8fb;--bp26-line:#e2e5ee;font-family:-apple-system,BlinkMacSystemFont,\"Segoe UI\",Roboto,Arial,sans-serif;color:#1c2333;line-height:1.7;max-width:880px;margin:0 auto;}\n.bp26-wrap h2{color:var(--bp26-navy);font-size:1.5em;margin:2em 0 0.6em;border-left:5px solid var(--bp26-amber);padding-left:0.5em;}\n.bp26-wrap h3{color:var(--bp26-navy);font-size:1.15em;margin:1.6em 0 0.5em;}\n.bp26-wrap p{margin:0 0 1.1em;font-size:1.03em;}\n.bp26-dateline{background:var(--bp26-bg);border:1px solid var(--bp26-line);border-left:5px solid var(--bp26-amber);padding:0.8em 1.1em;font-size:0.92em;color:#3a4260;margin:0 0 1.6em;border-radius:4px;}\n.bp26-lead{font-size:1.18em;color:#2a3155;font-weight:500;margin-bottom:1.4em;}\n.bp26-callout{background:var(--bp26-navy);border-radius:8px;padding:1.2em 1.4em;margin:1.6em 0;}\n.bp26-callout,.bp26-callout p,.bp26-callout li,.bp26-callout strong{color:#ffffff !important;}\n.bp26-callout h4{color:var(--bp26-amber) !important;margin:0 0 0.5em;font-size:1.05em;}\n.bp26-stats{display:grid;grid-template-columns:repeat(auto-fit,minmax(160px,1fr));gap:0.9em;margin:1.6em 0;}\n.bp26-stat{background:#fff;border:1px solid var(--bp26-line);border-top:3px solid var(--bp26-amber);border-radius:6px;padding:0.9em 1em;}\n.bp26-stat .bp26-num{font-size:1.45em;font-weight:700;color:var(--bp26-navy);display:block;}\n.bp26-stat .bp26-lab{font-size:0.85em;color:#5a6280;}\n.bp26-chart-box{background:#fff;border:1px solid var(--bp26-line);border-radius:8px;padding:1.2em;margin:1.8em 0;}\n.bp26-chart-box h4{margin:0 0 0.9em;color:var(--bp26-navy);font-size:1em;}\n.bp26-chart-canvas-wrap{position:relative;height:340px;}\n.bp26-caption{font-size:0.82em;color:#6a7290;margin-top:0.7em;}\n.bp26-table{width:100%;border-collapse:collapse;margin:1.4em 0;font-size:0.93em;}\n.bp26-table th{background:var(--bp26-navy);color:#fff !important;padding:0.55em 0.65em;text-align:left;}\n.bp26-table td{padding:0.5em 0.65em;border-bottom:1px solid var(--bp26-line);}\n.bp26-table td.bp26-num-cell{text-align:right;}\n.bp26-table tr:nth-child(even){background:var(--bp26-bg);}\n.bp26-source{font-size:0.85em;color:#6a7290;border-top:1px solid var(--bp26-line);margin-top:2em;padding-top:1em;}\n.bp26-flag{font-size:0.85em;color:#8a5300;background:#fff4e8;border:1px solid #f0d5ab;border-radius:4px;padding:0.5em 0.8em;margin:1em 0;}\n<\/style>\n\n<div class=\"bp26-stats\">\n<div class=\"bp26-stat\"><span class=\"bp26-num\">PLN 278.7bn<\/span><span class=\"bp26-lab\">revenue \u2013 43.1% of the annual plan of PLN 647.2bn<\/span><\/div>\n<div class=\"bp26-stat\"><span class=\"bp26-num\">PLN 402.4bn<\/span><span class=\"bp26-lab\">expenditure \u2013 43.8% of the annual plan of PLN 918.9bn<\/span><\/div>\n<div class=\"bp26-stat\"><span class=\"bp26-num\">PLN -123.7bn<\/span><span class=\"bp26-lab\">deficit \u2013 45.5% of the Budget Act limit of PLN -271.7bn<\/span><\/div>\n<div class=\"bp26-stat\"><span class=\"bp26-num\">PLN -15.6bn<\/span><span class=\"bp26-lab\">EU funds budget balance \u2013 43.0% of the annual plan<\/span><\/div>\n<\/div>\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ceo.com.pl\/en\/polands-budget-after-h1-2026-revenue-lags-deficit-hits-pln-123-7bn-89951\/#Revenue_Below_the_Implied_Half-Year_Pace\" >Revenue Below the Implied Half-Year Pace<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ceo.com.pl\/en\/polands-budget-after-h1-2026-revenue-lags-deficit-hits-pln-123-7bn-89951\/#Why_the_Negative_PIT_Figure_Does_Not_Mean_a_Collapse_in_Revenue\" >Why the Negative PIT Figure Does Not Mean a Collapse in Revenue<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ceo.com.pl\/en\/polands-budget-after-h1-2026-revenue-lags-deficit-hits-pln-123-7bn-89951\/#Revenue_Expenditure_Deficit_and_EU_Funds_Budget_Balance_PLN_billion\" >Revenue, Expenditure, Deficit and EU Funds Budget Balance (PLN billion)<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ceo.com.pl\/en\/polands-budget-after-h1-2026-revenue-lags-deficit-hits-pln-123-7bn-89951\/#Expenditure_Local_Government_Transfers_Are_Using_Their_Allocations_Faster_Than_Other_Categories\" >Expenditure: Local Government Transfers Are Using Their Allocations Faster Than Other Categories<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ceo.com.pl\/en\/polands-budget-after-h1-2026-revenue-lags-deficit-hits-pln-123-7bn-89951\/#Selected_Expenditure_Categories_Plan_vs_Execution_PLN_billion\" >Selected Expenditure Categories: Plan vs Execution (PLN billion)<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ceo.com.pl\/en\/polands-budget-after-h1-2026-revenue-lags-deficit-hits-pln-123-7bn-89951\/#How_the_Deficit_Was_Financed\" >How the Deficit Was Financed<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ceo.com.pl\/en\/polands-budget-after-h1-2026-revenue-lags-deficit-hits-pln-123-7bn-89951\/#Table_Domestic_Financing_Sources_in_Detail_PLN_million\" >Table: Domestic Financing Sources in Detail (PLN million)<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ceo.com.pl\/en\/polands-budget-after-h1-2026-revenue-lags-deficit-hits-pln-123-7bn-89951\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Revenue_Below_the_Implied_Half-Year_Pace\"><\/span>Revenue Below the Implied Half-Year Pace<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>Formally, after six of the year\u2019s twelve months, budget execution might be expected to be close to 50% of the annual plan. In practice, however, tax receipts and government expenditure are never distributed evenly throughout the year. Nevertheless, the revenue result of 43.1% indicates that the first half of 2026 was not particularly generous to the state budget. Tax revenue reached 42.3% of the annual plan, amounting to PLN 245.0 billion out of a planned PLN 579.9 billion, while non-tax revenue reached 51.0%, or PLN 32.5 billion out of PLN 63.6 billion.<\/p>\n\n<p>Among tax revenues, indirect taxes performed best. VAT and excise duty generated a combined PLN 208.6 billion, representing 46.2% of the planned PLN 451.3 billion. Excise duty alone reached 42.6% of its annual target, amounting to PLN 44.0 billion. Corporate income tax, or CIT, reached 56.1% of the annual plan, generating PLN 45.1 billion out of a planned PLN 80.4 billion. This was the highest execution rate among the main taxes and may suggest that companies paid relatively more advance tax payments during the first half of the year than assumed in the full-year plan.<\/p>\n\n<h3><span class=\"ez-toc-section\" id=\"Why_the_Negative_PIT_Figure_Does_Not_Mean_a_Collapse_in_Revenue\"><\/span>Why the Negative PIT Figure Does Not Mean a Collapse in Revenue<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n<p>The most unusual item in the statement is personal income tax. Against a full-year plan of PLN 32.0 billion, the result after the first half of the year was <strong>PLN -18,775.5 million<\/strong>, meaning that the central government budget recorded a negative figure under this category. The Ministry of Finance explains this in a footnote to the table. The figure reflects a reduction in central government revenue resulting from PIT and CIT shares transferred to local government units for the January\u2013June period, in accordance with the Act on the Revenue of Local Government Units of 1 October 2024. The total amount transferred was PLN 132,938.2 million.<\/p>\n\n<div class=\"bp26-flag\">It should be clearly emphasised that the negative PIT figure in the Ministry of Finance table does not mean that taxpayers paid less than zero into the state budget. It is the result of an accounting mechanism. The shares owed to local governments are deducted from gross PIT and CIT receipts, and during this period the amount settled with local governments exceeded the current gross PIT receipts recorded under this central government budget line. The Ministry of Finance does not provide gross PIT receipts before the deduction of local government shares in this document. We therefore do not present such a figure as a fact, as calculating it would require additional data that are not included in the source material.<\/div>\n\n<div class=\"bp26-chart-box\">\n<h4><span class=\"ez-toc-section\" id=\"Revenue_Expenditure_Deficit_and_EU_Funds_Budget_Balance_PLN_billion\"><\/span>Revenue, Expenditure, Deficit and EU Funds Budget Balance (PLN billion)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<div class=\"bp26-chart-canvas-wrap\"><canvas id=\"bp26-chart-overview\"><\/canvas><\/div>\n<p class=\"bp26-caption\">Bars show the figures included in the 2026 Budget Act compared with execution through 30 June 2026. Source: Ministry of Finance.<\/p>\n<\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"Expenditure_Local_Government_Transfers_Are_Using_Their_Allocations_Faster_Than_Other_Categories\"><\/span>Expenditure: Local Government Transfers Are Using Their Allocations Faster Than Other Categories<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>On the expenditure side, execution of the annual plan reached 43.8%, with spending of PLN 402.4 billion out of a planned PLN 918.9 billion. This was close to the pace of revenue execution, although there were substantial differences between individual categories. General subsidies for local government units had already reached 58.6% of the annual plan, amounting to PLN 30.9 billion out of PLN 52.7 billion. This was the highest execution rate among the listed expenditure categories. Subsidies for the agricultural Pension and Disability Fund reached 50.6%, or PLN 13.9 billion out of PLN 27.6 billion, while settlements with the EU general budget in respect of own resources reached 50.1%, amounting to PLN 19.8 billion out of PLN 39.6 billion.<\/p>\n\n<p>Spending on servicing State Treasury debt progressed much more slowly than the halfway point of the year, reaching 37.4% of the annual plan, or PLN 33.7 billion out of PLN 90.0 billion. Subsidies for the Social Insurance Fund reached only 33.4%, amounting to PLN 30.3 billion out of a planned PLN 90.8 billion. In both cases, lower execution during the first half of the year does not necessarily mean full-year savings. The schedules for interest payments on government debt and transfers to the Social Insurance Fund may be unevenly distributed throughout the calendar year.<\/p>\n\n<div class=\"bp26-chart-box\">\n<h4><span class=\"ez-toc-section\" id=\"Selected_Expenditure_Categories_Plan_vs_Execution_PLN_billion\"><\/span>Selected Expenditure Categories: Plan vs Execution (PLN billion)<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<div class=\"bp26-chart-canvas-wrap\"><canvas id=\"bp26-chart-wydatki\"><\/canvas><\/div>\n<p class=\"bp26-caption\">Source: Ministry of Finance, State Budget Department, preliminary estimates for January\u2013June 2026.<\/p>\n<\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"How_the_Deficit_Was_Financed\"><\/span>How the Deficit Was Financed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>The state budget deficit after the first half of the year amounted to PLN 123.7 billion, representing 45.5% of the PLN 271.7 billion limit established for the whole of 2026. This was accompanied by a negative EU funds budget balance of PLN 15.6 billion, equivalent to 43.0% of the planned deficit of PLN 36.2 billion. Total borrowing requirements were financed to the equivalent of 45.2% of the annual plan, amounting to PLN 139.3 billion out of PLN 307.9 billion. The financing structure was clearly weighted towards domestic sources.<\/p>\n\n<p>Domestic financing had already reached 89.3% of the annual plan, amounting to PLN 125.1 billion out of PLN 140.1 billion. In practice, this means that during the first half of the year the government covered the substantial majority of its planned annual borrowing requirements from the domestic market. This included bond sales of PLN 165.7 billion, representing 77.6% of the annual plan, as well as PLN 96.3 billion in funds carried over from the previous year. The latter figure was equivalent to 344% of the amount originally planned under this category. The Ministry of Finance uses an asterisk for certain other items where the percentage indicator exceeds 1,000%. Foreign financing, by contrast, reached only 8.4% of the annual plan, amounting to PLN 14.1 billion out of PLN 167.8 billion. The largest remaining financing reserve for the second half of the year is therefore on the foreign financing side.<\/p>\n\n<h3><span class=\"ez-toc-section\" id=\"Table_Domestic_Financing_Sources_in_Detail_PLN_million\"><\/span>Table: Domestic Financing Sources in Detail (PLN million)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n<table class=\"bp26-table\">\n<tbody><tr>\n<th>Category<\/th>\n<th class=\"bp26-num-cell\">2026 Plan<\/th>\n<th class=\"bp26-num-cell\">Jan\u2013Jun Execution<\/th>\n<th class=\"bp26-num-cell\">% of Plan<\/th>\n<\/tr>\n<tr>\n<td>Treasury bills<\/td>\n<td class=\"bp26-num-cell\">28,159.2<\/td>\n<td class=\"bp26-num-cell\">-4,465.0<\/td>\n<td class=\"bp26-num-cell\">\u2013<\/td>\n<\/tr>\n<tr>\n<td>Bonds<\/td>\n<td class=\"bp26-num-cell\">213,467.9<\/td>\n<td class=\"bp26-num-cell\">165,740.8<\/td>\n<td class=\"bp26-num-cell\">77.6%<\/td>\n<\/tr>\n<tr>\n<td>Funds carried over from the previous year<\/td>\n<td class=\"bp26-num-cell\">28,000.0<\/td>\n<td class=\"bp26-num-cell\">96,319.2<\/td>\n<td class=\"bp26-num-cell\">344.0%<\/td>\n<\/tr>\n<tr>\n<td>Loans granted and other repayable support<\/td>\n<td class=\"bp26-num-cell\">-111,954.1<\/td>\n<td class=\"bp26-num-cell\">-6,044.4<\/td>\n<td class=\"bp26-num-cell\">5.4%<\/td>\n<\/tr>\n<tr>\n<td>Public sector liquidity management<\/td>\n<td class=\"bp26-num-cell\">10,573.0<\/td>\n<td class=\"bp26-num-cell\">31,868.1<\/td>\n<td class=\"bp26-num-cell\">301.4%<\/td>\n<\/tr>\n<tr>\n<td>Deposits<\/td>\n<td class=\"bp26-num-cell\">\u2013<\/td>\n<td class=\"bp26-num-cell\">161,523.5<\/td>\n<td class=\"bp26-num-cell\">\u2013<\/td>\n<\/tr>\n<tr>\n<td>Funds held in budget accounts<\/td>\n<td class=\"bp26-num-cell\">28,000.0<\/td>\n<td class=\"bp26-num-cell\">-2,374.2<\/td>\n<td class=\"bp26-num-cell\">\u2013<\/td>\n<\/tr>\n<\/tbody><\/table>\n\n<p class=\"bp26-caption\">Note: The Ministry of Finance states that the figures were rounded according to standard arithmetic rules. As a result, the sum of the rounded components may differ slightly from the reported totals.<\/p>\n\n<div class=\"bp26-callout\">\n<h4><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n<p>The picture after the first half of 2026 is mixed. On the one hand, revenue is increasing more slowly than the linear pace implied by the annual plan, while the unusual negative PIT figure requires an explanation. The Ministry of Finance itself provides such an explanation, confirming that it is an accounting effect rather than a sign of fiscal collapse. On the other hand, the nominal deficit of PLN 123.7 billion remains below half of the annual limit of PLN 135.9 billion. For the time being, the central government budget therefore remains within the framework established by the Budget Act. The key questions for the second half of the year concern the pace of CIT and indirect tax receipts, as well as whether the low use of foreign financing, currently at 8.4% of the annual plan, will be made up or replaced by further intensive borrowing on the domestic market.<\/p>\n<\/div>\n\n<p class=\"bp26-source\">Data source: Ministry of Finance, State Budget Department, \u201cPreliminary Data on State Budget Execution for January\u2013June 2026\u201d and the accompanying graphic material, Warsaw, 15 July 2026. Own analysis based on Ministry of Finance data.<\/p>\n<\/div>\n\n<script src=\"https:\/\/cdnjs.cloudflare.com\/ajax\/libs\/Chart.js\/4.4.1\/chart.umd.min.js\" data-cfasync=\"false\" class=\"nowprocket nowprocketformobile\"><\/script>\n\n<script data-cfasync=\"false\" class=\"nowprocket nowprocketformobile\">\n(function(){\n  var bp26Attempts = 0;\n  var bp26Timer = setInterval(function(){\n    bp26Attempts++;\n    if (typeof Chart !== 'undefined') {\n      clearInterval(bp26Timer);\n      bp26InitOverviewChart();\n      bp26InitWydatkiChart();\n    } else if (bp26Attempts >= 100) {\n      clearInterval(bp26Timer);\n    }\n  }, 100);\n\n  function bp26InitOverviewChart(){\n    try {\n      var ctx = document.getElementById('bp26-chart-overview');\n      if (!ctx) return;\n\n      new Chart(ctx, {\n        type: 'bar',\n        data: {\n          labels: [\n            'Revenue',\n            'Expenditure',\n            'Deficit\/Surplus',\n            'EU Funds Budget Balance'\n          ],\n          datasets: [\n            {\n              label: '2026 Budget Act (PLN billion)',\n              data: [647.2, 918.9, -271.7, -36.2],\n              backgroundColor: '#131F49'\n            },\n            {\n              label: 'Execution Jan\u2013Jun 2026 (PLN billion)',\n              data: [278.7, 402.4, -123.7, -15.6],\n              backgroundColor: '#e67a2d'\n            }\n          ]\n        },\n        options: {\n          responsive: true,\n          maintainAspectRatio: false,\n          plugins: {\n            legend: {\n              position: 'bottom'\n            }\n          },\n          scales: {\n            y: {\n              title: {\n                display: true,\n                text: 'PLN billion'\n              }\n            }\n          }\n        }\n      });\n    } catch(e) {\n      console.error('bp26 overview chart error', e);\n    }\n  }\n\n  function bp26InitWydatkiChart(){\n    try {\n      var ctx = document.getElementById('bp26-chart-wydatki');\n      if (!ctx) return;\n\n      new Chart(ctx, {\n        type: 'bar',\n        data: {\n          labels: [\n            'Local Government Subsidies',\n            'Social Insurance Fund Subsidies',\n            'State Treasury Debt Service',\n            'Agricultural Pension Fund Subsidies'\n          ],\n          datasets: [\n            {\n              label: '2026 Plan (PLN billion)',\n              data: [52.7, 90.8, 90.0, 27.6],\n              backgroundColor: '#131F49'\n            },\n            {\n              label: 'Jan\u2013Jun Execution (PLN billion)',\n              data: [30.9, 30.3, 33.7, 13.9],\n              backgroundColor: '#e67a2d'\n            }\n          ]\n        },\n        options: {\n          responsive: true,\n          maintainAspectRatio: false,\n          plugins: {\n            legend: {\n              position: 'bottom'\n            }\n          },\n          scales: {\n            y: {\n              beginAtZero: true,\n              title: {\n                display: true,\n                text: 'PLN billion'\n              }\n            }\n          }\n        }\n      });\n    } catch(e) {\n      console.error('bp26 expenditure chart error', e);\n    }\n  }\n})();\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>After the first six months of the year, Poland\u2019s state budget had collected just under 43% of its planned annual revenue, while the deficit increased more slowly than a simple division of the annual plan into two equal halves might suggest. The most striking figure is the result for personal income tax, or PIT, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"Poland\u2019s state budget collected PLN 278.7 billion in revenue during the first half of 2026, equivalent to 43.1% of the annual plan. Expenditure reached PLN 402.4 billion, while the deficit increased to PLN 123.7 billion.\n\nOne figure stands out: PIT revenue was negative by almost PLN 18.8 billion. However, this does not mean that personal income tax receipts collapsed. The result reflects the accounting mechanism used to transfer PIT and CIT shares to local governments.\n\nHow is Poland financing the deficit, why has domestic borrowing reached almost 90% of the annual plan, and what should be watched in the second half of the year? Read our analysis of the latest Ministry of Finance data.\n\n#Poland #Economy #StateBudget #PublicFinance #Taxes\n","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[15],"tags":[2951,2783,2970,2726,2941,82],"class_list":["post-6306","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-cit","tag-contrast","tag-pit","tag-target","tag-vat","tag-warsaw"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/6306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=6306"}],"version-history":[{"count":1,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/6306\/revisions"}],"predecessor-version":[{"id":6307,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/6306\/revisions\/6307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/6292"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=6306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=6306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=6306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}